Corporate Governance
Board and committee effectiveness
High-performing boards contribute to shareholder value, strengthen companies, and improve confidence in the financial markets. But how do board committee chairs and lead independent directors help their boards achieve the highest levels of performance?
Committee chairs craft agendas that give directors adequate time and resources to make informed decisions. They sequence, filter, and pace the flow of information to ensure that their board colleagues are informed by the right facts for productive dialogue. They ensure robust discussion that raises questions and provides constructive criticism. They guide conversations that surface dissent and move toward consensus.
While highly effective boards are more than the sum of their parts, they are inevitably composed of the highest caliber directors – people who bring different backgrounds to their common commitment to understand the company, its strategy, and the environment in which it operates.
Committee chairs and lead directors attract and recruit these exceptional individuals and ensure they perform regular performance self-assessments. And, because these highly-qualified directors will not serve forever, highly effective boards are prepared with succession plans for all key roles.
Explore this issue:
